Flat for sale in Pine Grange, Bath Road, Bournemouth BH1

For sale by auction on Thursday, 09 May 2024 at 14:00

Venue: Live Stream

Third Floor Flat

Offering to auction, is this two bedroom third floor apartment, situated in Bournemouth. This property is a fantastic investment opportunity offering a potential Gross Rental Yield of £1,300 per month and £15,600 per year. The accommodation comprises an entrance hall, living/dining room, kitchen, two bedrooms and a bathroom. Externally, this property benefits from communal grounds and parking.

Pine Grange is set within well maintained communal grounds and is just a short walk from Bournemouth Town Centre, Beach and Pier, offering good access to public transport including Bournemouth mainline Train Station.

Auctioneers note
We have been advised by a local letting agent that the potential rental of £1,300 per calendar month (£15,600 per year) is achievable and based on the current Guide Price this offers a potential Gross Yield of approximately 10.7%.

Accommodation
Entrance Hall

Living/Dining Room: 16'4" x 15'9"

Kitchen: 7'8" x 6'9"

Bedroom One: 15'6" x 11'7"

Bedroom Two: 10'4" x 12.6"

Bathroom: 10'6" x 5'5"

viewings
Regular block viewing sessions will be provided in the lead up to the auction. Please telephone Auction House South West on to request a viewing.

Full details
Photographs, Dimensions, Floor Plans and Area Measurements (when available) are included within our full details online on our website. All published information is to aid identification of the property and is not necessarily to scale.

Notice to bidder
Please be aware that if your Bid is successful on Auction day the exchange of contracts will happen immediately after the Auction.

EPC Rating: C69

Additional Fees
Buyers Premium: £1200 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.